7 ordspråk av Dan Mendelson
Dan Mendelson
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We estimate that 17 million individuals need to actually fill out the forms, send in a premium and sign up.
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Of those 17 million, only about one million seem to have enrolled so far.
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It's a fascinating social experiment in using private sector resources to deliver a social benefit. What Congress did was completely unprecedented — they created new markets and new products.
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That will serve as a disincentive for some beneficiaries to enroll in a plan. It is a way to ensure some plans attract healthier people.
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The conventional view on Wall Street is that the Medicare formularies mimic commercial formularies, and that's incorrect. These formularies are more stringent than what you see in the private sector.
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Many of the plans that set out into this market, set out with expectations that they would have a larger base of beneficiaries. I do expect you will see some of the smaller, newer plans dropping out.
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The whole purpose of this drug benefit was to get drug coverage in the hands of all Medicare beneficiaries. Where are the people? That's the question.
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